Agencies

Bharatiya Mazdoor Sangh says that workers were affected the most by any change, privatisation would mean job losses on a large scale and a dearth of quality jobs.

On Saturday "strongly opposed" the announcements on privatisation in eight sectors of the Indian economy made earlier in the day by Union Finance Minister Nirmala Sitharaman.

The trade union said it was a "sad day" for the country that the announcements on privatisation in eight sectors showcased a dearth of ideas in the Central government.

The BMS said privatisation was against national interests and the Indian economy was not going to bounce back on the basis of "failed ideas".

Expressing "dismay" over what it called lack of appropriate ideas to strengthen the sagging economy, the Rashtriya Swayamsevak Sangh-affiliated body said the Centre's stand that there was no other option to privatisation in coal, minerals, defence production, airports and airport management, power distribution, space, and nuclear energy indicated lack of ideas with the Central government.

Pointing out that workers were affected the most by any change, privatisation would mean job losses on a large scale and a dearth of quality jobs.

It would lead to profiteering and exploitation of the workforce, the BMS claimed and said that the government was bringing about a change without any social dialogue which was the essence of democracy.